If a business operates in an industry that experiences significant cost changes, should the business prepare its production cost report using the FIFO method or the weighted-average method? Explain your answer
What will be an ideal response
The business should use the FIFO method. This method would create better month-to-month cost comparisons. The more detailed cost information obtained from the FIFO method would allow managers to make better pricing and product mix decisions.
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Which of the following statements is true regarding radio?
A) Radio is a costly medium. B) Radio can reach audiences quickly. C) Radio cannot be used for targeting specific audiences. D) Radio is considered as a new media.
When the difference in the location of two populations is to be compared based on observations from two independent samples, and the variable is measured on an ordinal scale, the ________ can be used
A) Kolmogorov-Smirnov one-sample test B) runs test C) binomial test D) Mann-Whitney U test